Quote:
Originally Posted by jms62
They brought you the Savings and Loan collapse in the 80's,LTCM,Enron,Worldcom in the 90's, Internet Bubble,and brought theworld to near financial collapse in th 00's. Received massive bailouts and proceeded to give bonuses to those that caused the collapse. Now they are saying reduce my tax rates becuase I will bring jobs back. And like a beaten spouse you say they have changed, this time it will be different. It scares me that they allow you to vote.
You ask me if our corporate tax rates are too high and I ask you if countries with lower rates have all the loopholes that allow corps to pay no taxes and get massive refunds. If you give them the option of cutting their rate in half with Zero deductions or the current system, what so you think they will choose? They probably will ask for both becaue without it they can't create
jobs.  |
all business did that?
at any rate, i appreciate you taking digs at me rather than answering the simple question. thanks for staying above board with your debate skills. of course, i don't recall you saying such things during the times i held the same opinion as yourself on an issue being discussed.
i'm taking it that you know our corporate rates are indeed higher than other countries since you didn't just say yay or nay. i have no doubt that when businesses look in this direction, see that number, that they don't just go elsewhere, rather than see if they can beat the system.
i have no doubt that businesses who say they left because of the tax rate are just making that up since it makes no sense. why leave if they could exploit all those loopholes and pay less? matter of fact, if it's so easy to buck the sytem, why aren't more companies moving here to reap all those rewards?
moving on...what do we need to do to generate jobs? small businesses are hurting, so are large, and everything in between. investors aren't investing, they are holding cash in huge amounts. how do we spur investment? how do we help start ups?